Oxbridge Re Holdings Limited (NASDAQ:OXBR) Short Interest Update

Oxbridge Re Holdings Limited (NASDAQ:OXBR) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 37,700 shares, a decline of 32.1% from the December 15th total of 55,500 shares. Based on an average daily trading volume, of 29,600 shares, the short-interest ratio is presently 1.3 days. Approximately 0.7% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Oxbridge Re in a research note on Thursday. They set a “hold” rating for the company.

Hedge Funds Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Geode Capital Management LLC raised its position in Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,294 shares of the insurance provider’s stock after acquiring an additional 4,141 shares during the quarter. Geode Capital Management LLC owned approximately 2.14% of Oxbridge Re worth $359,000 at the end of the most recent reporting period. Institutional investors own 5.64% of the company’s stock.

Oxbridge Re Stock Performance

NASDAQ OXBR traded up $0.37 during trading hours on Friday, hitting $4.32. 42,501 shares of the company traded hands, compared to its average volume of 21,909. The stock has a market capitalization of $26.09 million, a price-to-earnings ratio of -5.14 and a beta of 0.93. Oxbridge Re has a twelve month low of $0.87 and a twelve month high of $4.96. The business’s 50-day moving average is $3.61 and its 200-day moving average is $2.93.

Oxbridge Re Company Profile

Oxbridge Re Holdings Limited, through its subsidiaries, provides specialty property and casualty reinsurance solutions. The company underwrites collateralized reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. It also issues reinsurance contracts through digital securities by blockchain technology.